I logged into my student loan account, as I had a year left or so of payments. Realized it was less than expected, and that I had enough in my account to cover what remained. So I sent a payment for the full amount.

    Bachelor’s degree from 2001 left me at 13k.

    Master’s degree from 2003 brought it to $36 k.

    Had a low paying job until I went back to school in 2013. Couldn’t make a dent in it. Between prerequisites to get in, and the second master’s degree from 2016 brought it to $129k.

    I lived simply on a good paying job. Paid more than required. Took my hiring bonus and threw it at loans. Took the other bonuses and threw them at loans. Every time I had a bit of extra money accruing in my bank account, it went to loans. Then today, I paid a lump sum, and it’s clear! What a relief!

    Paid off 28 years of debt accrual today!
    byu/Hot-Freedom-1044 inStudentLoans



    Posted by Hot-Freedom-1044

    3 Comments

    1. girl_of_squirrels on

      Congrats!! Definitely give yourself a budget-friendly treat to celebrate, then make sure you’re on track for retirement savings! I highly recommend the r/personalfinance wiki for advice on that

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